EQS-News: FORTEC Elektronik AG confirms preliminary results for the first half of the 2024/2025 financial year

FORTEC Elektronik AG confirms preliminary results for the first half of the 2024/2025 financial year
 

• Group turnover of EUR 35.6 million below the previous year’s level (previous year: EUR 47.0 million)

• Group EBIT of EUR 0.2 million reduced significantly (previous year: EUR 4.5 million)

• Order book increases slightly to EUR 56.1 million (30 June 2024: EUR 53.4 million)

FORTEC Elektronik AG has published its half-year report for the 2024/2025 financial year (reporting
period: 01 July 2024 - 31 December 2024), which is available on the company's website (https://www.fortecag.de/en/investor-relations/reports/).

In the first six months of the current 2024/2025 financial year, the FORTEC Group generated a turnover of around EUR 35.6 million, which is significantly below the previous year's figure of EUR 47.0 million. The causes of this are our customers’ continued reluctance to invest and higher stock levels particularly in the main markets of Germany and the USA on the one hand. On the other hand, geopolitical uncertainties are providing additional blocks.

The data visualisation segment contributed EUR 20.9 million (previous year: EUR 29.1 million) and the power supplies segment EUR 14.7 million (previous year: EUR 17.8 million) to the total turnover.

Earnings before interest and taxes (EBIT), a second important performance indicator, was EUR 0.2 million, significantly below the value of the previous year due to the decline in turnover (previous year: EUR 4.5 million). FORTEC therefore confirms the preliminary figures published on 07 February 2025.

The consolidated net profit in the first half of 2024/2025 was EUR 0.2 million (previous year: EUR 3.2 million) and the earnings per share were accordingly EUR 0.07 (previous year: EUR 0.99).

The order book as of 31 December 2024 has stabilised to a level of EUR 56.0 million.

Sandra Maile, CEO of FORTEC Elektronik AG, comments: “The current global developments are proving challenging for FORTEC and are impeding business development. Additional measures as part of our Strong Together 2030 strategy, particularly in the data visualisation area, have not yet achieved their full effect. However, they will strengthen our long-term market position. In the USA, we are expanding our range with power electronics for the first time and are actively supporting projects that can be transferred from the EU to the USA. At the same time, we are reinforcing our presence in our core market of Germany in the defence sector and driving international growth in the medical and transportation sectors.”

Sandra Maile

Chair of the Management Board

FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany
Phone: +49 89 894450 232

aktie@fortecag.de | www.fortecag.de

FORTEC Elektronik AG (ISIN Share: DE0005774103, WKN: 577410), based in Germering, Germany, was founded in 1984 as an international distributor of standard solutions in the field of power supplies, embedded systems and displays. In addition, the FORTEC Group today offers customer-specific developments and complete system developments. Since April 2020, FORTEC Elektronik AG has been the holding company responsible for management of the affiliated companies, group strategy and essential parts of the administration. FORTEC Elektronik AG has subsidiaries in Germany, Switzerland, the UK and the USA.

For better legibility, the generic masculine form is used in the text. Of course, all genders are referred to equally without any intent to discriminate.